This is the first line in an article about the fast food industry: “With the fast-food industry facing 150% annual turnover rates, brands are turning to Miso’s AI-powered kitchen robot, Flippy, to help increase profits…” How can you have more than 100% turnover? Thank you.
In: Economics
annual turnover is based on positions, not people, a position can have a replacement quit and have to hire for another within a year. if you only had one position, hiring two replacements in one year is 200% turnover, this is how it can go above 100%
Latest Answers